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Figure 21-5
at the Beginning of This Year, Sammie Company

question 52

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Figure 21-5
At the beginning of this year, Sammie Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products:  Current Year  Theoretical annual capacity 2,000 Actual production 1,800 Production hours available 1,000 Scrap (kgs)  200 Materials used (kgs)  6,400 Actual cost per unit 14 Days of inventory 3 Number of defective units 30\begin{array}{lr}&\text { Current Year }\\\text { Theoretical annual capacity } & 2,000 \\\text { Actual production } & 1,800 \\\text { Production hours available } & 1,000 \\\text { Scrap (kgs) } & 200 \\\text { Materials used (kgs) } & 6,400 \\\text { Actual cost per unit } & 14 \\\text { Days of inventory } & 3 \\\text { Number of defective units } & 30\end{array}
-Refer to Figure 21-5. Sammie's actual cycle time for this year would be


Definitions:

Stated Capital

The portion of a corporation's share capital that has been formally allocated for issuance and recorded in the company's financial statements.

Revised Act

is an updated version of a legislative act that incorporates amendments or corrections to the original text, aiming to clarify or improve the law.

Articles of Incorporation

A document filed with a state governmental body to legally document the creation of a corporation, detailing basic information such as its name, purpose, and structure.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined price.

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